(d) The following table states the required employer contribution on behalf of each member of the Elected Officers' Class in terms of a percentage of the member's gross compensation. Such contribution constitutes the entire health insurance subsidy contribution with respect to each such member. A change in the contribution rate is effective with the first salary paid on or after the beginning date of the change. The retiree health insurance subsidy contribution rate is as follows:
Dates of Contribution Rate Changes
Contribution Rate
October 1, 1987, through December 31, 1988
0.24 %
January 1, 1989, through December 31, 1993
0.48 %
January 1, 1994, through December 31, 1994
0.56 %
January 1, 1995, through June 30, 1998
0.66 %
July 1, 1998, through June 30, 2001
0.94 %
July 1, 2001, through June 30, 2013
1.11 %
July 1, 2013, through June 30, 2014
1.20 %
July 1, 2014, through June 30, 2015
1.26 %
Effective July 1, 2015
1.66 %
Such contributions and accompanying payroll data are due and payable no later than the 5th working day of the month immediately following the month during which the payroll period ended and shall be deposited by the administrator in the Retiree Health Insurance Subsidy Trust Fund.